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CNBC
Dec 11, 2012 3:00pm EST
jeff greenfield. bill? >> stocks are trading off the highs of the day with less than an hour to go. final hour, really from the get-go. optimism about the cliff talks and senator harry reid made some comments this afternoon that put a damper on that real. we've lost about 30 points. in that time. up 74 on the dow at 13,244. the nasdaq is doing well today, up 32 points. more than a 1% gain, although it is off its highs of the day at 3019, and the s&p 500 index is 8 plus points at 1426. the word on the street is because of the fiscal cliff, some investors are actually selling the winners, the winning stocks, and they are holding on to the poor performers, the opposite what have they have been doing the last few years. maria? >> makes a lot of sense given the fact that tax les go higher on capital gains. you want to get out of some of those names. let's find out how you should be investing 20 days away from the deadline. in today's "closing bell" exchange, carol roth with us, rich peterson from is & p, jonathan corpina from meridian equity partners and our own rick santelli. good to s
CNBC
Dec 4, 2012 3:00pm EST
the year. seema mody is at the nasdaq today. jeff, what do you make of what's going on in washington? i'm most interested in the fact that the markets have lost the volatili volatility. we're not seeing the markets respond to every single statement that comes out of washington right now. what do you make of that? >> i think it's the same washington waltz we saw last year. they didn't extend the bush tax cuts until december 17th. they didn't handle the payroll tax until december 23rd. i lived inside the beltway. i have a pretty good network on the hill. i think they're going to have some kind of staged in agreement and then agree to attack the entitlement situation in the new year. >> michael, what do you make of what's going on? how do you try and trade this? at least we had some volatility the traders could trade on. now we don't have that. >> i think the lower volatility is telling you this is an extremely resilient stock market. i've been calling this the rocky balboa stock market. the entire scenario playing out is the fiscal cliff ends up being bullish no matter what.
CNBC
Dec 31, 2012 3:00pm EST
carter worth and jeff tomasulo. gentlemen, good to see you and hear you i hope as well. carter, what do you think? you still with b of a? do you like hp as a darling for next year? what do you think? >> no. stick with b of a. if these are stable companies and if you can get one at its business trough low, you profit off its low. but that's only in effect if a business isn't being made obsolete. that's the issue with something like a hewlett-packard. it's not just catching a cord and twine company at its low which then becomes the new winner the following year. or the financial in the case of b of a last year. we would not step in and apply the dog of the dow theory here and apply it. >> but jeff, you don't like b of a do you? >> no. and i'm going to agree with carter. stay away from hpq. b of a is up 108%. now, the smart money is going to rotate out of bank of america and look to go into the stronger fundamental stocks in that sector like a jpmorgan. right now bank of america is trading at 12 times, jpmorgan at 8 times future earnings. wait. jpmorgan has a 3% dividend. bank of america h
CNBC
Dec 5, 2012 3:00pm EST
. >> but would things be done faster if it was done privately? in his latest column, jeff goldfor a compares u.s. budget talks to merger proxy battles. jeff joins us to explain about that. plus, we have bob from jones day who specializes in wall street deal making. jeff, it is ammo on wall street to do things behind closed doors. you don't want word to get out on the negotiations. it gets too messy. >> right. i wouldn't advocate for a lot of people to do what wall street does. one thing you can say is they've helped facilitate thousands of mna deals this year. they've figured something out with these transactions. the deals that are most successful have the better chance of success are the ones that you negotiate behind closed doors, not the ones that turn into hostile battles and spill out into public, which is what we're seeing noup. >> i understand that, but at the same time, what wh are we going to have a deal already? people are so frustrated by this. we've had 13 months to think about. now we're down to 26 days. bob, can you really make a deal on the fiscal cliff when the nego
CNBC
Dec 12, 2012 3:00pm EST
inflation could be closer than you think, and jeff says this is the time to be overweight equity. great you have to both with us. greg, let me ask you first of all. how much do we care about what ben bernanke said today in terms of what we do with our money? >> well, i mean, i don't think that this makes big changes in terms of how you govern your portfolio necessarily, about there are marginal impacts. i think this is going to bring down long-term interest rates a little bit more which will facilitate home purchases. it will facilitate refinancing or re-refinancing for people who have previously done so, and i think this pumps a little bit more air into that equity rally, so, you know, clearly people long in equities i think stand to benefit provided we avert the fiscal cliff. >> and, in fact, jeff, you're overweight equities as we said. why? >> first of all, plett me back up and say i think this announcement from the fed was really not a difference of degree but a difference of kind. as long as you have the fed standing by their policy of quantitative easing, you have the central bank
CNBC
Dec 19, 2012 3:00pm EST
fading big time nokia. >> that's what makes a market, but that was pretty funny, jeff. thanks so much. merry christmas to you. scott, over to you. >> talk a little numbers and a street fight breaks out. go figure. let's get to mary thompson back with breaking news at hq. mar? >> morgan stanley wealth management is dropping john paulson's advantage and advantage plus funds from its retail broke rang menu. of course, paulson is the hedge fund manager who made a killing during the housing crisis. now in an e-mail sent to morgan stanley's financial advisers yesterday they changed the status of the funds from watch to redeem saying its client should pull the money from these funds. the company citing the fund's weak performance. two umbrella funds for paulissen basically employing a number of his strategies, and they have had a hard part investing in gold where he's not done so well. the advantage fund was down 5% in november, advantage plus down 5.6%. back to you. >> mary, thanks so much. mary thompson for us with the breaking news. face it, we're all getting a little older, but if you ac
CNBC
Dec 27, 2012 3:00pm EST
strategist and jeff kilberg, our founder and ceo at kkm financial. good to see you both. welcome. abigail, you've been bearish on apple for a while. does it mean you like nokia instead? tell us what you think. >> apple continues to look very bearish to me. it's trading in a confirmed double top. this pattern has been confirmed for more than a week now. it's careying a target of 353 so apple could actually tumble another 30% from here. supporting that double top, the fact that it's a very reliable pattern once confirm. a recent death cross suggests that the selling momentum has increased. plus, there are unfilled caps, gaps, down near 331 and 431, excuse me and 386. overall i think that app continues to look very strong on the downside target. nokia, on the other hand, is trading on the inverse of that entire pattern setup. trading in a confirmed double bottom this. pattern has been confirmed for almost a month now. the target is 515 so 30% potential upside from current levels. nice golden cross. plus, there's an unfilled gap at 5. so overall nokia, at least for the near to medium
CNBC
Dec 13, 2012 3:00pm EST
steve sax from pro shares advisors and steven gil garcetg and our own jeff cox. no encouraging words out of washington, here we go again, from either the fed or congress. >> right, and frankly that's very expected. there's going to be a -- some grandstanding about your political philosophies right up until the end, but the way i view this is we will not and cannot go over the fiscal cliff. >> you think the can will be kicked down the road. >> well, i think washington learned its lessons from the credit crisis. they are not going to have this go over the cliff, and i think it's going to be a recipe of a small part of cutting spending. a small part of raising taxes and a healthy doze of kicking the gan down the road. >> you would be so sure that these guys cannot do it when in fact here we are 18 days away. steve sax from your standpoint in, terms of etfs and in terms of indexing out there, how do you want to invest given all of these uncertainties as we approach year end? >> i'm in the camp i certainly hope we can avoid the fiscal cliff, but right now i don't have a lot of confi
CNBC
Dec 20, 2012 3:00pm EST
stephen weiss is with short hills capital. good to see you. jeff, make the case. you're looking at the charts. how do you like ups versus fedex? >> maria, i think you have to look at the longer-term chart, and if you look at the ten-year period, the true leader is federal express. it's up 76% versus the 24% that ups is. that's where you find the leaders. now let's take a closer look and look at the micro view of this chart, and we go to the year to date chart, and if you see a year to date, trading within a range, between 84 and 94, and what's going tonight difference. what's going tonight difference to push this to go higher, the catalyst, right. we wanted to see it go above $94 a share and the catalyst is going tonight international markets. we've seen some clarity over there, and you've seen a really -- fedex's international numbers have to increase, and that's the catalyst right there. >> jeff, they are both international. it depends on where you want to play. i like ups better because it's got a 3% yield versus a less than 1%. i think about half a percent yelled for fedex and
CNBC
Dec 3, 2012 3:00pm EST
standing by. >> thanks. you have to start somewhere. >> let's get reaction. s & p capital, jeff cox at cnbc headquarters and rick santelli in chicago. sam, where do you stand on all this? what's your take in terms of republicans coming out with their plan, post the president's plan released this weekend as well? both plans where we left off with the last bargaining going on? >> i think, once again, what we're finding is that congress can teach shakespeare something about drama. i think they'll wait it out until the 11th hour and even allow us to fall off the cliff. it's easier to look like a white knight if they're reactive rather than proceed active. >> last week when the markets were volatile, now they are taking it in stride. we're coming back a little bit but not the volatility from last week. a little complacency or are we getting used to the drama out of washington? >> i think we're getting used to it? i think it's worth noting that on the 16th when we started to get this good news trickling out, the 19th when we got this big rally, the market stopped trading as correlated as
CNBC
Dec 6, 2012 3:00pm EST
today's "closing bell" exchange. everybody is in the water here. scott is not there yet. jeff cox, the market is still waiting on the fiscal cliff. they're still sort of held accountable for that right now. yet, the investors' sentiment numbers are the highest in a while. what do you make of that? >> this isn't just the most hated stock market rally ever as some have suggested. this might be the most hated stock market ever. let's just talk about some quick numbers. market trading volume down 19% this year. we've seen $125 billion come out of equity based mutual funds. $300 billion go into bond funds. really, no appetite for getting into this market in terms of the volume. why? i think there's a general distrust of the markets. fiscal cliff and all of the other stuff. great story on the front page of wall street journal today talking about portfolio pumping. another example of investors thinking they're not getting a fair shake out of the stock market. >> larry, you call that complacency, don't you? >> that's right. i'm actually shocked that these investors appear to be asleep at the s
CNBC
Dec 18, 2012 3:00pm EST
? >> joining us right now to weigh in on cnbc contribute richard bernstein and jeff tanose of jpmorgan and our own bob pisani. gentlemen, thanks for joining us. rich, what do you think about fundamentals going into 2013, corporate sector, economics? >> i'm actually quite bullish about 2013. i think we're going to start getting, as the year goes on, easier comparisons for corporate profits. the corporate sector as we know is loaded for cash. i think when we get beyond this uncertainty and corporations have more certainty, i think we're going to see an m & a wave because they have underinvestmented for the future by hoarding all the cash so i think they will have to buy growth so i think 2013 could be a very good career. >> what do you think, joe? >> i agree. everything we've been dealing with the past year has been the uncertainty. is it europe, the election? is it the fiscal cliff, but as you go through those one by one, the election is now behind us. i do believe we'll have a resolution on the fiscal cliff and if you look at europe, the ecb put a gigantic band-aid on this so
CNBC
Dec 26, 2012 3:00pm EST
this morning. >> well, jeff, yes, i'll concede its most recent quarter was not profitable, but it's been a profitable company. not nearly as much as a lot of folks would see and there's a reason. they have been taking market share and doing it in the cloud. use the cloud streaming services of amazon which is indicative of what an important player amazon is becoming in that field as well. it's an expensive stock. you're paying an astronomical p and still a dominant player in e-commerce and one of the new areas where it's dominant is the iphone this year. >> two companies we've been following very closely this year. thanks for joining us on "talking numbers." see you later. happy holidays. mandy? >> a quick look at what's happening with the markets right now. the do you is just hitting flat with the down side barely moving at this point. of course, we're counting down to the bell. also got aetna's ceo who says his hiring plans for the new year will definitely be affected by the fiscal cliff, and get this, he also says health care costs could double for some groups by 2014 due to obama
CNBC
Dec 28, 2012 3:00pm EST
schoenberger and also joining us is cnbc's jeff cox. gentlemen, great to have you joining us. do you feel we're further away? >> stepping over dollars to pick up nickels. he has no deal. you're going to see this continued, carried over into monday and even and beyond, further deeper into 2013 because even if there is a deal, you still have to look behind the curtain, the details of it, the spending cuts. how much are we talking about and the fact that the president of the united states is not willing to come to terms? >> do you feel that the president wants to go over? >> look, mandy, this is dysfunction palooza in washington. i've been talking about this since november. they can't get a deal done. they won't get a deal done. the market has been way too complacent. wall street, you were wrong. you were wrong. they are not going to get this deal done. the market is going to sell off chase to start 20 thrown. big >> it will continue to sell off. look, guys. here's the thing though. 25% right now of gdp is government spending. historically that's 20%. if there are going to be the spending cuts, th
CNBC
Dec 19, 2012 4:00pm EST
work. see you soon. >>> up next, general partner jeff jordan is sounding a warning to traditional retailers and all investors need to hear this one and outrage across the web about instagram's plan to sell your photos that you post. we'll get to the bottom of this. stay with us on it. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morn 24 hours. zero heartburn. >>> welc
CNBC
Dec 26, 2012 4:00pm EST
wondering, jeff, a lot of the headwinds that bill just mentioned, the regulatory environment and very low interest rates which squeezes their margins, are any of these things going to clear up and go away in 2013? >> well, i think one of the reasons that you are seeing the big banks doing well coming into year end isn't so much that those things are lessening but they are better equipped to handle it. right now with the regulatory and the net interest margin pressures, scale and efficiency is more important than ever and the money center banks have it. it's a matter of whether they can deliver it. they have the scale and starting to see them deliver the efficiency so cost management is a big thing that helps them. also they have businesses away from the traditional banking, net interest lending, and capital markets, could see some pretty strong numbers next year and the money center banks, they are shrinking their liability footprintson so on a funding cost side they have a lot of advantages that a lot of other smaller banks don't have. >> let's use an exam. bank of america, one of th
FOX Business
Dec 10, 2012 3:00pm EST
for a look of the big movers with nicole petallides. we also have jeff flock. unbelievable because every one of my kids class are dying to get these things. they have a motorcycle version, sparkle glitter version. the sales are not what they're cracked up to be. nicole: the ssquence version. uggs are incredibly popular, but a lot of other boots and brands on the market plus that coupled with the competition and the fact you don't have a big heavy winter as some had hoped especially those who own deckers. last week there was mergers and acquisitions chatter whether or not one of the companies would step in and be looking at deckers. today is a different story. they're getting ready to mark down the booos, the popular ugg% boots from children to grown-up adults, that is not good news. they start marching down key items ahead of the holidays already, that will not be good. down 7.5%. liz: i heard there was snow in deer valley. what are you looking at? >> no snow in chicago fortunately. the two big movers. copper and coffee. copper moving up about 8% on industrial production in china c
CNBC
Dec 17, 2012 4:00pm EST
could be very comparable to how it looks in 2013. >> and jeff cleveland, let me ask you the same question in terms of allocating capital and your expectations for the new year. >> i think i agree that the economy doesn't fundamentally change at midnight on 12:31. so we're not worried about a recession. what we are worried about is people expect a deal to get done and they think we'll have a surge of economic growth. and we don't expect that either. growth will remain moderate. interest rates remain low. and the real big picture is a shortage of safe assets. there's only so many government bonds out there keeping slemts low. we like the ig credit so sector and we like high yield bopds. that's where you'll see your opportunities for income for the year. >> okay. so are you going to be doing -- are you going to be doing dividend payers? >> i think you look anywhere you can get income. dividends are good. the key here is what's the big picture and story. it's a shortage of safe assets. the fed and all of their actions in the last ten days have just exacerbated those safe assets by re
FOX Business
Dec 26, 2012 3:00pm EST
the markets, if at all, nicole's on the new york stock exchange, and jeff flock at the cme. nicole? >> the home builders, a great day to take a look, and the numbers, talk about the month over month, down .1%, which is an improvement over what analyst had the exception with a 2%, and year over year with a gain that out paced the analysts' expectations. the group is mixed today. jrhorton down 1%, and kb homes gaining 1%. the group has done well. i chose these names to give a look over 52 weeks. i mean, 376%, that is the gain that we are seeing on hovnanian. 376%. i said it again just in case you missed it the first time. we've seen the housing recovery underway, and today's numbers echo that sentiment. it's been slow; however, and each time you get the numbers in, there's experts like david blitzer saying it's an upbeat assessment saying the recovery is gathering strength. back to you. ashley: encouraging sign, slow and steady, could be awhile before we are close back to normal. >> right. >> whatever normal is. nicole, thank you. jeff, what's going on with oil and line lumber? >> we
CNBC
Dec 12, 2012 4:00pm EST
holding them back from hiring even more workers. let's talk about this manpower survey with ceo jeff joerres who is joining us again. >> great to be here. >> we just had a ceo on very concerned about job hiring for next year because of the fiscal cliff and all the costs associated with, that and yet your numbers here seem to suggest that at least statistically we're not seeing that much an impact, or am i misreading this here? >> no, you're not. when you look at it it's actually slightly better than what we saw in the fourth quarter and a lot better than the first quarter of this year. >> how do you explain that then? >> what you're really seeing is that right now, as companies are looking at their demand, they are saying, you know what, you've got enough demand that i'll have to continue to creep up. this is not a robust hiring survey but a good hiring survey. i think the real crux is that we are forgetting that at any moment a ceo can push a button and say we're not going to hire anymore because they are used to being agile. you look at fiscal cliff and what's going on in europe. t
CNBC
Dec 5, 2012 4:00pm EST
short break. on deck, senator jeff sessions is with me, a ranking member of the senate budget committee. richard shelby is also with me. and maya mcguinness. this busy edition "the closing bell" is just getting started. we're back in a minute. they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> welcome back. you just heard from timothy geithner. did the exclusive interview you just saw move the needle in terms of the fiscal cliff being any closer to a deal? chief washington correspondent john harwood watching this event closely. john. >> reporter: i think what we saw in that interview that steve had was further confirma
CNBC
Dec 10, 2012 4:00pm EST
clients telling you right now? jeff just said i think it was over the weekend that so many of their customers are clenched right now. that they're just waiting to see what the resolution of the fiscal cliff is that they're holding back on orders. is that the case with some of your clients as well? >> well, i think right now we haven't received the clarity of the election we were hoping for. i think both sides republicans and democrats are basically negotiating behind closed doors. hopefully i think the news over the weekend was a lot better than it had been. moving a little bit. senator corker moving as well. we had better data out of china last week. household net worth increased by $1.7 trillion which was a big number for the fed. it says the bernanke policies are working. in terms of clients what they're doing, obviously there's a lot of clouds on the horizon short-term. but longer term, it's positive. so right now towards the end of the year what we've been seeing is a lot of accounts looking to take out short positions and stocks that have been hef sli shorted. so you've seen s
FOX Business
Dec 24, 2012 12:00pm EST
success, but this time will be different? jeff flock live at midway airport with this story. jeff: it is funny. some guy wal walked up to me and said what are you doing, what is your story? to the top of the privatization of midway airport. another way for the city to lose money. the city just privatize the parking meters. $1.5 billion deal, 75 years, but the problem is this. they got all the money up front and the city spent all the money already, and now in the parking meters are out of order because they're tearing up the street they have to pay the company back. usually privatization does a better job of managing things like airports and the government tenders to do, but people in chicago are kind of wary about this. he wants to privatize midway airport. have a deal. ithey deal to do it for $2.5 billion. airports are huge generators of cash. the parking concessions, food and beverage concessions, rental car rentals, the places that do that tends to be a big cash generator. companies like to get in on that, i like to do it more efficiently. but here's the problem. don't get the mon
FOX Business
Dec 27, 2012 3:00pm EST
, let's go to jeff flock who is at the exxonmobile refinery in illinois. i was going to mention the name of the town, but i will let you do that, jeff. jeff: a little small town outside joliet. you're looking right now actually at something you don't often see at refiners but sometimes do, it's called flaring. it is when a refinery goes back on-line after an unplanned shutdown, they have to burn off some dangerous gases, they have to report that to the federal government because it's a potentially dangerous situation. but that danger is nothing like the danger to the oil market from the fiscal cliff. take a look sat oil today -- take a look at oil today, pulled back a little bit after the big run up yesterday. and the run up yesterday i think wasn't so much fiscal cliff, it was more mideast action, but the story really isn't so much actually price. it is volume, the lack of volume. because of the fiscal cliff, huge amounts of oil money on the side lines right now. take a look at volumes. we ran these numbers and put this together, february of 2011 it was a good month for oil, tradin
FOX Business
Dec 20, 2012 3:00pm EST
phenomenal story. the intercontinental exchange was created only 12 years ago by jeff springer, a longtime executive in the energy industry. people don't realize energy is a commodity, commodities are traded in exchanges locking in costs. he came up with a system to forget about the pits of chicago where people ice-cream at each other or new york, the new york mercantile exchange, let's do electronically and he created this thing, the intercontinental exchange and what is great about this is it is something to be said for the stock exchange remaining independent but they are now part of an american company and an american entrepreneur created $10 billion of wealth, that is what the market cap was before the deal and when you buy something your stock usually goes down a little bit, created $10 billion worth of wealth of market cap in ten years, something to be proud of and buying the stock exchange. not selling for the germans. [talking over each other] >> regulators time it. charlie: regulators in europe, eyes and nasdaq attempt over the stock exchange on antitrust grounds, your c
CNBC
Dec 21, 2012 4:00pm EST
rally. jeff is with me now also dean from barclay's, peter anderson and our own rick santelli. jeff, how can this market rally when there's still so much uncertainty out there? >> i am surprised the market held up as well as it did today, maria. it had every reason to be down four or 500 points. historically, the week after christmas it's up about 70% of the time with a little over a percent gain. and i think you're going to see that after tax selling gets over as of today. and in terms of the selling that we are seeing already, do you think it's partly because people are expecting capital gains and dividend taxes to go up regardless? >> yeah, i think that's right. there's still a chance for a solution to the fiscal cliff. washington tends to work on a last-minute basis. the fact that the republicans couldn't even get together and chose some kind of solidarity even though they knew the plan b wouldn't go through is disturbing. >> dean mackey, how do you see 2013? >> the positive thing right now sthot consumer spending was picking up in the fourth quarter. that was the message of tod
Search Results 0 to 25 of about 26